ETF Quote Details
|NAV (month end)||26.15|
|Premium (+)/Discount (-) (month end)||-0.32|
Zacks proprietary quantitative models divide each set of ETFs following a similar investment strategy (style box/industry/asset class) into three risk categories- High, Medium, and Low. The aim of our models is to select the best ETFs within each risk category, so that investors can pick an ETF that matches their particular risk preference in order to better achieve their investment goals.
This is our ETF rating system that serves as a timeliness indicator for ETFs over the next 6 months:
Zacks Premium - The only way to get access to the Zacks Rank
ETF Expense Ratio
|Dividend (Yield)||$1.13 (4.37%)|
|Issuer||STATE STREET GLOBAL ADVISORS|
The BofA Merrill Lynch US Diversified Crossover Corporate Index is designed to measure the performance of US dollar denominated BBB and BB corporate debt publicly issued in the US domestic market. Crossover corporate debt generally means corporate debt rated at levels where the lower end of investment grade debt and the higher end of high yield debt meet.
The SPDR BofA Merrill Lynch Crossover Corporate Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the BofA Merrill Lynch US Diversified Crossover Corporate Index.